, Norwegian krone, Swedish krona, Swiss franc, and euro exchange rates (against the US dollar) during the period 1994-2003. Using … formal decision to proceed with the euro was made in December 1996 and at the time of the actual introduction of the euro in …

stochastic volatility. Estimation of the model delivers measures of daily variation outperforming their non … setting is used to estimate the intra-day trend in the Euro/U.S. Dollar exchange rate. …

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of … euro is only present at the end of the sample, this may have led to an upward bias in existing euro estimates to help … have different effects across country-pairs. Data on industrialized countries over 1967-2002 show the existing euro effects …

EURO's will be more stable than thecurrent demand for national currencies. In policy circles this seeminglymoderating …

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro … euro has significantly increased trade, with an effect of 4% in the first year and cumulating to around 40% in the long …

the bias. Estimation results for the United States show elasticities of complementarity to be underestimated by up to a …